Question
The financial staff of Cairn Communications has identified the following information for the first year of the roll-out of its new proposed service: Projected sales
The financial staff of Cairn Communications has identified the following information for the first year of the roll-out of its new proposed service:
Projected sales $22 million Operating costs (not including depreciation)
$10 million Depreciation
$5 million Interest expense
$4 million
The company faces a 25% tax rate. What is the project's operating cash flow for the first year (t = 1)? Enter your answer in dollars. For example, an answer of $1.2 million should be entered as $1,200,000. Round your answer to the nearest dollar
I need help this would I have so far
22,000,000
10,000,000
5,000,000= 7,000,000
I am not what to use next for the taxes percentages
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